Welcome to the August 2020 Newsletter from Certax Accounting

Following criticism from the Treasury Select Committee, HMRC has abandoned its plan to make workers pay income tax on coronavirus (COVID-19) testing kits purchased by their employer. Meanwhile, Chancellor Rishi Sunak has asked the Office of Tax Simplification (OTS) to carry out a review into capital gains tax (CGT) in order to ascertain how it can be simplified. The Chancellor requested that the OTS review CGT and aspects of the taxation of chargeable gains in regard to individuals and small businesses. HMRC scraps benefit-in-kind charge on coronavirus tests The government recently scrapped plans to get workers to pay income tax on COVID-19 testing kits purchased by their employer. HMRC issu

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